Buttonwood: Paper promises, golden hordes | The Economist

Buttonwood: Paper promises, golden hordes The Economist:

"Gold’s surge may indicate that investors fear the next stage of the crisis will occur in the foreign-exchange markets."

Carry trades | Buttonwood's notebook | Economist.com

Carry trades Buttonwood's notebook Economist.com:
"Lee argues that the carry trade has two prerequisites; interference in the markets by governments and weak domestic credit demand. The first is currently present; plenty of governments (including China's) are preventing their currencies from rising too far against the dollar.
Lee's second condition is less obvious but insightful. If a carry trade currency also had strong domestic credit demand, that would show up as rapid money supply growth; the central bank would take fright and raise interest rates, negating the basis for the carry trade. Both the US now, and Japan earlier this decade, have indeed seen weak credit demand."

IAA's ERM framework to solve financial crisis

http://www.actuaries.org/CTTEES_TFRISKCRISIS/Documents/IAA_Financial_Risk_Management_EN.pdf

Obama's budget

http://www.whitehouse.gov/omb/budget/

http://www.economist.com/blogs/freeexchange/2009/02/one_big_budget.cfm